Labor

While various Fed presidents continue to  toe the party line, saying they expect 3 rate hikes in 2017, most recently the Fed's Kaplan earlier this morning, the firm which not only sets Fed policy but now openly tells the president what to do, Goldman Sachs, is starting to get cold feet, and in a note released overnight, the firm's chief economist Jan Hatzius says that "we have become a bit less confident about near-term hikes." The U-turn was to be expected as it comes just days after Goldman threw in the towel on its long-dated strong Dollar call, which traditionally comes hand in hand wit

While the Fed's traditionally drab Beige Book described the US economy in conventional terms, growing "at a modest to moderate" pace, one relatively new development was the recurring complaint by employers that they are having an increasingly more difficult time in finding qualified and skilled workers to fill empty positions.

Silicon Valley's tech giants are world renowned for their random employee 'perks' which include everything from free lunches prepped by expensive chefs, to free massages, nap pods and tricked out game rooms.

But the latest trend in Silicon Valley 'fringe benefits', which includes unlimited time off to protest the Trump administration, feels a little bit less like an attempt to attract and retain talent as it is an attempt to push a political agenda.

Authored by Catey Hill via Moneyish.com,

Yesterday, April 18th was the deadline for filing your taxes

Many Americans discovered they don’t owe the government a dime.

More than four in 10 American households (44.3%) — or upwards of 76 million — didn’t pay any income tax to the federal government last year, according to data for 2016 from the Tax Policy Center. This year that number is expected to be roughly the same, at 43.9%.

The minimum wage for H1B visa recipients is $60,000, unchanged from 1989. Let me emphasize that for you. Our government is permitting companies to bring in foreign skilled labor at 1989 wages, completely undercutting the American workforce and driving down wages.

Today President Trump signed an executive order to reform the program.

"Right now, H-1B visas are awarded in a totally random lottery -- and that's wrong, said Trump."